New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 16, 2014
16:07 EDTWEXWEX Inc. to Acquire Evolution1 for $532.5M cash
WEX Inc. announced a definitive agreement to acquire and Evolution1, a leader in cloud-based technology and payment solutions in the healthcare industry, for $532.5M in cash. The deal will be funded through cash on hand and WEX’s existing credit facility. This transaction is expected to generate approximately $42M in present value of tax benefits to WEX and is expected to be accretive to adjusted net income in the first 12 months after close, excluding acquisition costs. The transaction, which has been unanimously approved by the boards of directors of both companies, is subject to regulatory approvals and other customary closing conditions and is expected to close in the third quarter of this year.
News For WEX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 29, 2015
07:42 EDTWEXWEX Inc. selected by ServiceMaster for corporate payment solutions
Subscribe for More Information
07:41 EDTWEXWEX Inc. sees FY15 adjusted EPS $4.94-$5.14, consensus $5.10
Subscribe for More Information
07:41 EDTWEXWEX Inc. sees Q3 adjusted EPS $1.38-$1.46, consensus $1.45
Sees Q3 revenue $224M-$233M, consensus $234.24M. The Company's guidance also assumes that third quarter 2015 credit loss will range between 6 and 11 basis points, and full year 2015 fleet credit loss will range between 7 and 10 basis points. Guidance also includes $11 million to $14 million of after tax losses related to WEX Europe Services. The Company's guidance excludes the impact of non-cash, mark-to-market adjustments on the Company's fuel-price-related derivative instruments, foreign currency remeasurement gains and losses and related hedges, stock-based compensation, restructuring charges, gain on divestitures and the amortization of purchased intangibles as well as the related tax and non-controlling interest impacts of the forgoing adjustments.
07:39 EDTWEXWEX Inc. reports Q2 adjusted EPS $1.25, consensus $1.25
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use